When you plan a party or gathering to celebrate a special event, you make both a financial investment and an investment of your time. Should something go awry before or during your event, you may not be able to recoup lost time but you can get reimbursed for your financial interests if you have special event insurance.
While any large gathering could benefit from special event insurance, there are three in particular that planners should consider securing insurance for.
Retirement parties are a big deal and their guest list can span a whole career. When hosting an event with such a wide range of guests, special event insurance can help protect you against various accidents, injuries, and property damages that your guests and vendors could experience. It's difficult to predict the behavior of any large group, especially one that can have such a disparate background as those invited to a retirement party. Special event insurance creates a safety net against the unpredictable.
Silver and gold anniversaries are milestones not just to the couples who celebrate them, but also to the family and friends they've touched during their life together. Celebrating these anniversaries often means inviting family and friends from far away to come to a catered event held at a banquet hall or other establishment. In order to secure the vendors and the location for the celebration, the anniversary party planner must make deposits well in advance of the actual event. During the months that follow, they may find their deposits lost as vendors and banquet halls face their own insurable incidents, financial issues and insolvency. Special event insurance can help reimburse you for any vendors or locations that are not able to fulfill their contract.
A wedding is often the biggest, most expensive celebration a couple will ever enjoy. Unfortunately, a wedding can be marred by so many unpredictable events it's amazing most of them transpire with as few hitches as they do. For example, an outdoor wedding can be canceled due to inclement weather – and an indoor wedding can be completely unattended due to unsafe weather conditions that prevent guests from traveling. Additionally, the location of the ceremony or reception can be damaged or closed before the event, vendors can decide not to show up, and property could be damaged when wedding guests get a little out of hand. Special event insurance can help a newlywed couple receive reimbursement for a canceled wedding or reception and missing vendors. It can also protect their financial future from the liability damages of guests, vendors or a reception hall.
To find out more about how special event insurance can keep safe your financial investment in a special celebration, give us a call at Salzberg Insurance Agency today.